Indian financial crime agency raids Chinese-owned Vivo
2 years, 5 months ago

Indian financial crime agency raids Chinese-owned Vivo

The Hindu  

India's financial crime-fighting agency on Tuesday raided the offices of smartphone maker Vivo, owned by China's BBK Electronics, and its related entities, a senior government official and an industry executive told Reuters. The raids at Vivo come months after the Enforcement Directorate launched an investigation into Xiaomi Corp, one of India's leading smartphone sellers, for alleged illegal remittances abroad "in the guise of royalty" payments. Xiaomi has denied any wrongdoing, and alleged in court that its top executives faced threats of "physical violence" and coercion during questioning by officials at the Directorate. India has cited security concerns in since banning more than 300 Chinese apps, and also tightened norms for Chinese companies investing in India.

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History of this topic

CBI raids 10 locations in Delhi-NCR to bust Rs 117-crore cyber fraud case
2 weeks, 6 days ago

CBI raids 10 locations in Delhi-NCR to bust Rs 117-crore cyber fraud case

India Today  

The Central Bureau of Investigation on Wednesday conducted raids at 10 locations in New Delhi and adjoining areas in connection with its ongoing investigation into transnational cyber-enabled financial frauds involving Rs 117 crore, officials said. “The investigation so far has revealed that fraudsters operating from overseas use digital platforms such as websites, WhatsApp, and Telegram to target victims in India," …

How China is targeting adversaries like India with cyber frauds, espionage
7 months ago

How China is targeting adversaries like India with cyber frauds, espionage

India Today  

The Indian embassy in the Cambodian capital of Phnom Penh, on May 22, announced the rescue of some 360 Indian nationals from human trafficking networks in the country. Indian intelligence agencies have identified multiple instances of Indian IT workers falling victim to similar scams in Cambodia and Myanmar, with estimates suggesting that over 5,000 people may have been coerced into …

Delhi EOW probes money laundering by foreign-based online gaming firms
9 months, 3 weeks ago

Delhi EOW probes money laundering by foreign-based online gaming firms

New Indian Express  

NEW DELHI: The Economic Offences Wing of Delhi Police has registered a case and initiated a probe after a complaint by the Enforcement Directorate alleged that a money laundering racket involving foreign-based online gaming companies are exploiting Indians. A senior EOW officer said information was received from the ED that foreign online gaming companies are providing access to Indian residents …

Xiaomi says suppliers concerned over India's heavy scrutiny of Chinese firms
10 months, 1 week ago

Xiaomi says suppliers concerned over India's heavy scrutiny of Chinese firms

Hindustan Times  

China's Xiaomi has told New Delhi that smartphone component suppliers are wary about setting up operations in India amid heavy scrutiny of Chinese companies by the government, according to a letter and a source with direct knowledge of the matter. In the letter, Xiaomi India President Muralikrishnan B. said India needed to work on "confidence building" measures to encourage component …

Delhi court releases Vivo employees accused of money laundering, dubs their arrest 'illegal and void'
11 months, 3 weeks ago

Delhi court releases Vivo employees accused of money laundering, dubs their arrest 'illegal and void'

Op India  

On Saturday, a Delhi court ordered the release of 3 employees of Chinese smartphone manufacturer Vivo, who were arrested by the Enforcement Directorate in connection to a money laundering case. As per reports, the three arrested individuals include Vivo India’s Chief Executive Officer Hong Xuquan, Chief Financial Officer Harinder Dahiya and consultant Hemant Munjal. #WATCH | Vivo money laundering case …

HC extends custody remand of Vivo India executives in money laundering case
11 months, 4 weeks ago

HC extends custody remand of Vivo India executives in money laundering case

Firstpost  

The accused, who were taken into custody by the Enforcement Directorate on December 22, 2023, were Hemant Munjal, a consultant for VIVO, Hong Xuquan, the interim CEO of VIVO India, and Harinder Dahiya, the company’s chief financial officer Three Vivo-India executives were sent in two more days of custody of the Enforcement Directorate on Tuesday, according to a Patiala House …

ED gets 3-day custody of top Vivo India execs
11 months, 4 weeks ago

ED gets 3-day custody of top Vivo India execs

Live Mint  

Vivo India’s interim chief executive officer Hong Xuquan, chief financial officer Harinder Dahiya and consultant Hemant Munjal were arrested by Enforcement Directorate on charges of money laundering and remanded to custody by a sessions judge in Patiala House Court for three days. The high-profile arrests follow the arrests of four industry executives in October, including Lava International managing director Hari …

ED files first charge sheet against Chinese smartphone maker vivo-India, among others
1 year ago

ED files first charge sheet against Chinese smartphone maker vivo-India, among others

The Hindu  

The prosecution complaint has been filed before a special court in New Delhi on December 6 under the criminal sections of the Prevention of Money Laundering Act and vivo-India has been named an accused apart from those arrested in this case, the sources told PTI. It had raided vivo-India and its linked persons in July last year, claiming to have …

Govt of India bans over 100 fraudulent Chinese websites in crackdown on China-operated financial scams
1 year ago

Govt of India bans over 100 fraudulent Chinese websites in crackdown on China-operated financial scams

Firstpost  

The government of India has banned over 100 Chinese-operated investment scam websites. These websites were found to be intricately linked to multiple bank accounts, with funds being transferred between accounts to confuse investigating agencies In a decisive move against financial fraud, the Government of India has launched a comprehensive initiative to ban over 100 Chinese-operated investment scam websites that have …

Vivo siphoned $13 bn abroad, ED tells court
1 year, 2 months ago

Vivo siphoned $13 bn abroad, ED tells court

Live Mint  

Many employees of Chinese smartphone maker Vivo and its Indian affiliates concealed their employment when seeking visas, and some breached rules by visiting the “sensitive" Himalayan region of Jammu and Kashmir, India’s financial crime agency has said. {{^adFree}} {{/adFree}} At least 30 Chinese individuals entered India on business visas and worked as Vivo employees, but their application forms “never disclosed" …

India accuses China’s Vivo of visa violations, siphoning off $13 bln
1 year, 2 months ago

India accuses China’s Vivo of visa violations, siphoning off $13 bln

The Hindu  

Many employees of Chinese smartphone maker Vivo and its Indian affiliates concealed their employment when seeking visas, and some breached rules by visiting the "sensitive" Himalayan region of Jammu and Kashmir, India's financial crime agency has said. At least 30 Chinese individuals entered India on business visas and worked as Vivo employees, but their application forms "never disclosed" that the …

India accuses China's Vivo of visa violations, siphoning off $13 billion
1 year, 2 months ago

India accuses China's Vivo of visa violations, siphoning off $13 billion

Firstpost  

The court statement comes as tension rises with Beijing over business activities after New Delhi tightened curbs on incoming investment and banned hundreds of Chinese apps following border clashes in 2020 that killed 20 Indian and four Chinese troops. Many employees of Chinese smartphone maker Vivo and its Indian affiliates concealed their employment when seeking visas, and some breached rules …

ED arrests Lava MD, three others in Vivo case
1 year, 2 months ago

ED arrests Lava MD, three others in Vivo case

Hindustan Times  

The Enforcement Directorate has arrested four persons, including the chairman and managing director of Lava International, a Chinese national and a chartered accountant, in connection with its money laundering probe against Chinese phone maker Vivo, agency officials said on Tuesday. “In order to avoid taking government approval, Vivo, China, devised a plan whereby they entered India under the garb of …

Vivo PMLA case: ED arrests four persons in money laundering probe
1 year, 2 months ago

Vivo PMLA case: ED arrests four persons in money laundering probe

Hindustan Times  

The Enforcement Directorate has arrested four persons, including a Chinese citizen, a managing director and two others in connection with its money laundering probe against Chinese mobile maker Vivo, agency officials said on Tuesday. Those arrested include - Guangwen Kyang alias Andrew Kuang, Hari Om Rai, a chartered accountant Nitin Garg and another private person Rajan Malik. At that time, …

Chinese national, Lava International MD among four arrested in Vivo mobiles money laundering case
1 year, 2 months ago

Chinese national, Lava International MD among four arrested in Vivo mobiles money laundering case

India TV News  

The Enforcement Directorate has arrested four people as part of its ongoing investigation against Chinese smartphone maker Vivo under the Prevention of Money Laundering Act. The four people who have been taken under custody include a Chinese official Guangwen Kyang aka Andrew Kuang, Managing Director of Lava International Hari Om Rai, a Chartered Accountant Nitin Garg, and Rajan Malik. In …

Freezing of bank accounts | Delhi High Court asks Vivo to approach PMLA appellate tribunal
1 year, 8 months ago

Freezing of bank accounts | Delhi High Court asks Vivo to approach PMLA appellate tribunal

The Hindu  

The Delhi High Court has asked Chinese smartphone maker Vivo to approach the Prevention of Money Laundering Act appellate tribunal in relation to the freezing of its bank accounts by the Enforcement Directorate in connection with a money laundering probe. It further clarified that until a decision, interim or final, is taken by the tribunal, the High Court’s earlier orders …

Raids at 5 premises in Bengaluru in connection with Chinese loan app fraud
2 years, 2 months ago

Raids at 5 premises in Bengaluru in connection with Chinese loan app fraud

India Today  

Five premises in Bengaluru were raided by the Enforcement Directorate under the provisions of the Prevention of Money Laundering Act on October 19 in connection with the Chinese loan app fraud case. The case is based on 18 FIRs registered by the Cyber Crime Police Station, Bengaluru City, against numerous entities and persons in connection with their involvement in the …

Xiaomi moving its India operations to Pakistan? Chinese mobile maker responds
2 years, 2 months ago

Xiaomi moving its India operations to Pakistan? Chinese mobile maker responds

Hindustan Times  

Chinese mobile manufacturer Xiaomi has rejected speculations over moving its operations from India to Pakistan after the Enforcement Directorate froze its assets worth ₹5,551.27 crore for allegedly violating Foreign Exchange Management Act guidelines. A tweet by South Asia Index while citing sources had claimed that the Chinese mobile maker may move its operations from India to Pakistan after its assets …

Your China-made smartphone may have microprocessor from Indian scrapyard, say UP Police
2 years, 2 months ago

Your China-made smartphone may have microprocessor from Indian scrapyard, say UP Police

Firstpost  

Cops fear spare parts that were being salvaged and sent back to China also included memory chips through which the Chinese were stealing personal data of Indians from their scrapped phones GB Nagar: The eleven Chinese nationals, who have been arrested in connection with what could be a spy ring running out of UP’s Noida, were running a smartphone scrap …

Kolkata: ED raids six places, seizes over Rs 17.3 crore cash in mobile app fraud case
2 years, 3 months ago

Kolkata: ED raids six places, seizes over Rs 17.3 crore cash in mobile app fraud case

India TV News  

ED raids in Kolkata: The Enforcement Directorate on Saturday raided six places in Kolkata and recovered over Rs 17 crore and 32 lakh in cash. The case was recorded on the basis of an FIR filed on February 15, 2021, under sections 420, 406, 409, 468, 469, 471, 34 of IPC by Park Street Police Station. The complaint was filed …

ED raids Chinese loan app firms and payment gateway firms in Bengaluru, freezes accounts worth ₹17 crore
2 years, 3 months ago

ED raids Chinese loan app firms and payment gateway firms in Bengaluru, freezes accounts worth ₹17 crore

The Hindu  

The Directorate of Enforcement conducted raids on six loan app firms owned by Chinese nationals across the city and freezed accounts with ₹17 crores. The premises of Razorpay Pvt Ltd, Cashfree Payments, Paytm Payment Services Ltd and entities controlled and operated by Chinese persons were covered in the search operation. During the search operation, it was noticed that the entities …

How Beijing reacted to India’s move to ban Chinese smartphones below Rs 12,000
2 years, 4 months ago

How Beijing reacted to India’s move to ban Chinese smartphones below Rs 12,000

Firstpost  

Taking note of India’s move to ban Chinese telecommunication giants from selling their devices under Rs 12,000, the Chinese foreign ministry said that Beijing will “firmly support” Chinese companies in defending their lawful interests and rights. According to a Bloomberg report, the Chinese foreign ministry spokesperson also said that Beijing will “firmly support” Chinese companies in defending their lawful interests …

India not planning to ban Chinese smartphones priced at less than ₹12k: Report
2 years, 4 months ago

India not planning to ban Chinese smartphones priced at less than ₹12k: Report

Hindustan Times  

Amid speculations that the Union government is planning to ban Chinese firms from selling in India smartphones that cost less than ₹12,000, top government officials, responding to reports in this regard, have said that the Centre, in fact, has no plan to restrict companies from the neighbouring country from the entry-level smartphone market. Companies from the world's second-largest economy dominate …

Chinese smartphone players in trouble again: Cannot sell these smartphones in India
2 years, 4 months ago

Chinese smartphone players in trouble again: Cannot sell these smartphones in India

India TV News  

Chinese smartphone players are again going to face a tough time in the country as the Indian government is reportedly planning to put curbs on China-based smartphone players from selling low-end smartphones to give a much-needed boost to homegrown brands like Micromax, Lava, Karbonn and others. According to a Bloomberg report citing sources that came out on Monday, the country …

Vivo India accused of tax evasion to the tune of Rs 2,217 crore by the Directorate of Revenue Intelligence
2 years, 4 months ago

Vivo India accused of tax evasion to the tune of Rs 2,217 crore by the Directorate of Revenue Intelligence

Firstpost  

The Enforcement Directorate and the Directorate of Revenue Intelligence has found in its investigations that Vivo India evaded custom duty to the tune of Rs 2,217 crore. The Directorate of Revenue Intelligence has detected customs duty evasion of around Rs 2,217 crore by Chinese firm Vivo Mobile, according to an official statement they released on Wednesday. This improper declaration resulted …

Vivo gets notice in ₹2,217 cr customs duty evasion case
2 years, 4 months ago

Vivo gets notice in ₹2,217 cr customs duty evasion case

Live Mint  

The Directorate of Revenue Intelligence has issued a show cause notice to mobile phone maker Vivo Mobile India Pvt Ltd over customs duty evasion of ₹2,217 crore. In a statement on Wednesday, the finance ministry said that during an investigation DRI detected the customs duty evasion by mobile phone maker. “During the course of investigation, searches were conducted by DRI …

DRI detected customs evasion worth over ₹2.21 crore by Vivo India: Govt
2 years, 4 months ago

DRI detected customs evasion worth over ₹2.21 crore by Vivo India: Govt

Hindustan Times  

The Directorate of Revenue Intelligence has detected a customs duty evasion of around ₹2,217 crore from Vivo Mobile India Pvt. After the DRI's investigation was completed, a show cause notice was issued to Vivo India under provisions of the Customs Act, 1962. According to a statement by the Union finance ministry on Wednesday, “During the course of investigation, searches were …

Show-cause notices served to Oppo, Vivo, Xiaomi for tax evasion
2 years, 4 months ago

Show-cause notices served to Oppo, Vivo, Xiaomi for tax evasion

The Hindu  

Finance Minister Nirmala Sitharaman on Tuesday informed Rajya Sabha that three mobile phone companies — Oppo India, Xiaomi Technology India Pvt. She added that the “government is consciously taking action against Indian citizens who have helped in having these companies established and other shell companies through which they are operating.” Responding to a question from member Sushil Modi, about Chinese …

Explained | Why is the ED looking into the operations of Chinese smartphone maker Vivo?
2 years, 5 months ago

Explained | Why is the ED looking into the operations of Chinese smartphone maker Vivo?

The Hindu  

The story so far: China on Wednesday, July 6 issued a strong statement against the Enforcement Directorate’s ongoing investigation into Chinese mobile company Vivo in India. The ED, after raiding 48 places across the country in a money-laundering investigation against Vivo and related firms this week, said on July 7 that the company remitted 50 per cent of its turnover …

Delhi High Court asks Enforcement Directorate to respond to Vivo's plea against freezing bank accounts
2 years, 5 months ago

Delhi High Court asks Enforcement Directorate to respond to Vivo's plea against freezing bank accounts

Firstpost  

The high court also allowed Vivo to operate its various bank accounts on furnishing of a bank guarantee of Rs 950 crore with the ED, which contended that presently the proceeds of crime has been quantified to Rs 1200 crore, within a week New Delhi: The Delhi High Court on Wednesday sought response of the Enforcement Directorate on a plea …

Delhi High Court asks Enforcement Directorate to respond to Vivo’s plea against freezing bank accounts
2 years, 5 months ago

Delhi High Court asks Enforcement Directorate to respond to Vivo’s plea against freezing bank accounts

India TV News  

Highlights Delhi HC sought response of ED on a plea by Chinese smartphone maker Vivo It seeks quashing of an order freezing its various bank accounts in connection with money laundering HC allowed Vivo to operate its various bank accounts on furnishing of a bank guarantee of Rs 950 cr The Delhi High Court on Wednesday sought response of the …

Explained: Why has the ED raided Vivo, what was revealed?
2 years, 5 months ago

Explained: Why has the ED raided Vivo, what was revealed?

Firstpost  

The Enforcement Directorate has raided more than 40 places in a money-laundering case against Chinese smartphone company Vivo. It found that company ‘remitted’ almost 50 per cent of its turnover, which is Rs 62,476 crore, mainly to China in order to avoid paying taxes here The Enforcement Directorate raided more than 40 places across India on Tuesday and Wednesday in …

Delhi HC allows urgent listing of Vivo's plea challenging freezing of bank accounts by ED
2 years, 5 months ago

Delhi HC allows urgent listing of Vivo's plea challenging freezing of bank accounts by ED

The Hindu  

The plea was mentioned before a bench of Delhi High Court Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad which agreed to list it for Friday. The federal probe agency, on July 5, raided several places across the country in the money laundering investigation against Vivo and related firms. "Due to the amounts in the bank accounts being unavailable …

50% Vivo India transferred out of nation, says ED
2 years, 5 months ago

50% Vivo India transferred out of nation, says ED

Hindustan Times  

The Enforcement Directorate said on Thursday that the India branch of top Chinese mobile handset manufacturer Vivo transferred almost 50% of its total turnover out of India. The investigating body carried out raids at 48 locations across India in connection with “forged identification documents and falsified addresses” by several firms linked with Vivo India. The investigation is being carried out …

Vivo illegally transferred Rs 62476 crores to China to avoid taxes, says ED
2 years, 5 months ago

Vivo illegally transferred Rs 62476 crores to China to avoid taxes, says ED

Op India  

On Thursday, 7th July 2022, the Enforcement Directorate said that smartphone maker Vivo “illegally” sent Rs 62,476 crore to China in order to avoid paying taxes on that money in India. Rs 62,476 crore has been “illegally” transferred by smartphone maker Vivo to China in order to avoid payment of taxes in India, the Enforcement Directorate said #Vivo #EnforcementDirectorate https://t.co/bBiqWicOEc …

Almost 50% of Vivo India’s turnover transferred out of India, reveals ED
2 years, 5 months ago

Almost 50% of Vivo India’s turnover transferred out of India, reveals ED

Hindustan Times  

The Enforcement Directorate on Thursday revealed the India branch of top Chinese mobile manufacturer Vivo, had transferred almost 50% of its total turnover out of India. “Out of the total sale proceeds of ₹1,25,185 crore, Vivo India remitted ₹62,476 crore i.e., almost 50% of the turnover out of India, mainly to China. The investigating body carried out raids at 48 …

ED blocks 119 accounts linked to Vivo, seizes gold bars after raids: Report
2 years, 5 months ago

ED blocks 119 accounts linked to Vivo, seizes gold bars after raids: Report

Hindustan Times  

The Enforcement Directorate, as part of an investigation into alleged money laundering by the Chinese smartphone maker, reported news agency Reuters. The ED said it raided 48 locations of Vivo and its 23 related entities this week, alleging that sale proceeds of Vivo India were transferred out of India to show losses and avoid paying taxes. The ED on Thursday …

Vivo remitted almost 50% of turnover to China to avoid getting taxed in India, says ED
2 years, 5 months ago

Vivo remitted almost 50% of turnover to China to avoid getting taxed in India, says ED

The Hindu  

The Enforcement Directorate on Thursday alleged thatVivo India remitted almost 50% of the sale proceeds overseas, mainly to China, to disclose huge losses in several domestically incorporated companies to avoid payment of taxes in India. The ED statement came two days after it conducted searches at 48 locations across the country, including the premises linked to Vivo India and its …

ED Raids Vivo: China Calls for a ‘Truly Fair’ Probe in Money Laundering Case
2 years, 5 months ago

ED Raids Vivo: China Calls for a ‘Truly Fair’ Probe in Money Laundering Case

The Quint  

The Enforcement Directorate raided at least 44 places across India on Tuesday in a money-laundering investigation against Chinese smartphone manufacturer Vivo and related firms. The searches were carried out under sections of the Prevention of Money Laundering Act at locations in several states including Delhi, Uttar Pradesh, Meghalaya and Maharashtra. The action is being seen as part of the Union …

Raids on Vivo | China hopes for a 'truly fair' probe in accordance with law
2 years, 5 months ago

Raids on Vivo | China hopes for a 'truly fair' probe in accordance with law

The Hindu  

China on Wednesday expressed hope that India will conduct the ongoing investigations into the Chinese mobile manufacturer firm Vivo in accordance with the law and regulations and provide a " truly fair" and "non-discriminatory" business environment to China's firms. "As I have stressed many times, the Chinese government has always asked Chinese companies to abide by laws and regulations when …

ED Raids On Vivo: China Hopes For a 'Truly Fair' Probe In Accordance With Law
2 years, 5 months ago

ED Raids On Vivo: China Hopes For a 'Truly Fair' Probe In Accordance With Law

News 18  

China on Wednesday expressed hope that India will conduct the ongoing investigations into the Chinese mobile manufacturer firm Vivo in accordance with the law and regulations and provide a " truly fair" and "non-discriminatory" business environment to China's firms. "As I have stressed many times, the Chinese government has always asked Chinese companies to abide by laws and regulations when …

Chinese directors Zhengshen Ou, Zhang Jie of firm associated with Vivo fled India last year: ED
2 years, 5 months ago

Chinese directors Zhengshen Ou, Zhang Jie of firm associated with Vivo fled India last year: ED

India TV News  

Highlights Chinese directors Zhengshen Ou and Zhang Jie of a firm GPICPL fled India last year, said ED Official corrected report which mentioned that Zhengshen Ou and Zhang Jie were directors of Vivo The case is already being investigated by the Central Bureau of Investigation Vivo news : Chinese directors Zhengshen Ou and Zhang Jie of a firm GPICPL, in …

India should probe Vivo according to law, not discriminate: China
2 years, 5 months ago

India should probe Vivo according to law, not discriminate: China

Hindustan Times  

China on Wednesday said it hopes India would conduct investigations into the Chinese smartphone company Vivo according to law and provide a “fair” and “non-discriminatory” business environment for Chinese firms. China is closely following developments related to the raids on the offices of Vivo in India, Chinese foreign ministry spokesperson, Zhao Lijian, said on Wednesday when asked about the case. …

ED conducts raids against Chinese mobile company Vivo
2 years, 5 months ago

ED conducts raids against Chinese mobile company Vivo

Op India  

On Tuesday, July 5, The Enforcement Directorate conducted raids at as many as 44 locations across the country linked to the Chinese mobile company Vivo. ED conducts raids at 44 places in money laundering probe against Chinese mobile manufacturing company Vivo & related firms:Officials — Press Trust of India July 5, 2022 Among the states where searches are in progress …

Money laundering probe: ED conducts raids against Chinese smartphone giant Vivo, searches at 44 locations
2 years, 5 months ago

Money laundering probe: ED conducts raids against Chinese smartphone giant Vivo, searches at 44 locations

Firstpost  

Last month, the Chinese firm’s Jammu & Kashmir distributor Grand Prospect International Communication came under the scanner of enforcement agencies over forgery concerns New Delhi: The Enforcement Directorate conducted raids at 44 places in a money laundering investigation against Chinese mobile manufacturing company Vivo and related firms. In June, the Chinese firm’s Jammu & Kashmir distributor Grand Prospect International Communication …

Why Did The I-T Department Raid Huawei’s Offices In India?
2 years, 10 months ago

Why Did The I-T Department Raid Huawei’s Offices In India?

News 18  

The income tax department on Wednesday conducted a search on several offices of Chinese telecommunication firm Huawei, people familiar with the developments told news agency PTI. The officials familiar with the developments also said that financial documents, account books and company records were checked as part of a tax evasion investigation against the company. The action taken by the I-T …

Indian tax authorities raid China’s Huawei, triggering protest from Beijing
2 years, 10 months ago

Indian tax authorities raid China’s Huawei, triggering protest from Beijing

Live Mint  

NEW DELHI : Indian authorities have raided the offices of Chinese tech giant Huawei Technologies Co. over suspected tax evasion, triggering a protest from Beijing, in the latest sign that border tensions between the two countries are spilling into commercial ties. The tax raids on Huawei are the latest sign that the Indian government is taking a tougher stance toward …

I-T dept searches Chinese telecom major Huawei\'s office in Delhi, Bengaluru
2 years, 10 months ago

I-T dept searches Chinese telecom major Huawei\'s office in Delhi, Bengaluru

Deccan Chronicle  

New Delhi: The Income-tax department has conducted searches at multiple premises of Chinese telecom company Huawei in the country as part of a tax evasion investigation, official sources said on Wednesday. Sources said the officials looked at financial documents, account books and company records as part of a tax evasion investigation against the company, its Indian businesses and overseas transactions. …

I-T dept carries out nationwide raids on mobile manufacturing companies
2 years, 11 months ago

I-T dept carries out nationwide raids on mobile manufacturing companies

Live Mint  

Searches by the Income Tax Department has revealed that two major companies have made remittances in the nature of royalty, to and on behalf of their group companies located abroad, which aggregates to more than ₹5,500 crores, said the Union ministry of finance in a statement. “The search action has revealed that two major companies have made remittance in the …

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